- Securities Law
- Specimen
- Post Offer Advertisement under Regulation 18(12) - SEBI SAST Regulations, 2011
- Mehak Chanotiya
September 18, 2026
Post Offer Advertisement under Regulation 18(12) - SEBI SAST Regulations, 2011
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A mandatory post-offer statutory advertisement published by the manager to the open offer on behalf of the acquirers, detailing the final results, shares tendered and accepted, payment dates, and pre- and post-offer shareholding structures under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Format for Post Offer Advertisement under Regulation 18(12) in terms of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Open Offer for Acquisition of [Number] Equity Shares from Shareholders of [Target Company] by [Acquirers and PAC]
This Post Offer Advertisement is being issued by [Manager to the Offer], on behalf of [Acquirer(s)] along with [Persons Acting in Concert], in connection with the offer made by the Acquirer along with the PACs, in compliance with Regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Detailed Public Statement with respect to the aforementioned offer was made on [dates] in the [name] newspapers.
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Particulars |
Details |
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1. Name of the Target Company |
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2. Name of the Acquirer(s) and PAC |
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3. Name of the Manager to the Offer |
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4. Name of the Registrar to the Offer |
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5. Offer Details |
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a. Date of Opening of the Offer |
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b. Date of Closure of the Offer |
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6. Date of Payment of Consideration |
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7. Details of Acquisition & Shareholding
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Particulars |
Proposed in Offer Document |
Actuals |
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7.1 Offer Price |
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7.2 Aggregate number of shares tendered |
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7.3 Aggregate number of shares accepted |
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7.4 Size of the Offer (Number of shares multiplied by offer price per share) |
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Category / Particulars |
Number of Shares |
% of Fully Diluted Equity Share Capital |
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7.5 Shareholding of Acquirer before Agreements / PA |
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7.6 Shares Acquired by way of Agreements |
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7.7 Shares Acquired by way of Open Offer |
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7.8 Shares acquired after Detailed Public Statement |
(Price: ____) |
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7.9 Post Offer Shareholding of Acquirer |
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7.10 Pre & Post Offer Shareholding of Public |
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8. |
The Acquirer along with its Directors and PACs severally and jointly accept full responsibility for the information contained in this Post Offer Advertisement and also for the obligations under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |
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9. |
A copy of this Post Offer Advertisement will be available on the websites of SEBI, [Exchanges where the Target Company is listed] and the registered office of the Target Company. |
Author Bio
Mehak Chanotiya
CS Trainee dedicated to mastering the nuances of Indian corporate law and secretarial practice. View Full Profile
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